The <a href="https://www.expertmarketresearch.com/reports/indian-dairy-market">Indian dairy market</a> is expected to grow by 9-11 percent in 2021-22, driven by a revival in economic activities, increasing per capita consumption of milk and milk products, changing dietary preferences due to rising urbanization. With the expected recovery in demand during the festive season, skimmed milk powder (SMP) prices are likely to improve and leading to the liquidation of stocks in FY22.